He Colombian peso records profits per second consecutive day on Mondayreaching its highest level in a week against the US dollar.
He USD/COP It has fallen strongly on Monday, sliding from a daily maximum of 4,322.52 to a minimum of seven days at 4,260,03.
After the American Opening, the USD/COP is quoted over 4,263.50, losing 0.43% in what we have been working on.
Trump’s new turn in China tariffs drives the Colombian weight; Colombia expects important data on Tuesday
- The US dollar has weakened at the beginning of the week after Saturday The United States announced that it reduced tariffs to China in the products of the electronics sectorincluding semiconductors, from 145% to initial 20%.
- The US Secretary of Commerce, Howard Lutnick, said in an interview with ABC News on Sunday that these products, along with the semiconductors, will face new separate levies in the next two months.
- Colombian peso operators expect several relevant data that will be published tomorrow Tuesday in Colombia at 3:00 p.m. GMT. The figures of February industrial productionwaiting for a 1% increase after the 1.9% rise seen in January. Retail sales will also be published, estimating that the increase was 7.7% annual in February compared to 10.2%.
Economic indicator
Retail sales (yoy)
Retail sales published by the National Administrative Department of Statistics (DANE) Measure the total income of retail stores. Monthly changes reflect the speed of changes in these sales. Changes in retail sales are widely followed as an consumer spending indicator. In general terms, a high reading is seen as positive, or bullish for Colombian weight, while a low reading is seen as negative or pessimistic.
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Why is it important for operators?
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
